Indonesia Trade Balance November 2016

Indonesia: Trade surplus falls in November

December 15, 2016

Indonesia’s trade surplus waned in November despite a surge in export growth. Exports soared 21.3% from the same month last year, which was a notable increase from the 5.1% expansion seen in October and marked a multi-year high. Non-oil and gas exports, which account for the majority of Indonesian shipments, rose 28.7% in November, above October’s 3.6% increase. Meanwhile, oil and gas exports fell further, contracting 26.3% (October: -23.5% year-on-year). Import growth also accelerated, rising to 9.9% in November from October’s 3.6%.

FocusEconomics Consensus Forecast panelists expect exports to increase 3.2% and see the trade balance recording a surplus of USD 9.9 billion in 2017. For 2018, the panel expects exports to grow 4.4% and expects the trade surplus to drop to USD 9.0 billion.

Newsletter Subscription

Indonesia Economic News

According to Statistics Indonesia (BPS), a trade surplus of USD 1.7 billion was recorded in August (August 2016: USD 369 million), rebounding from the one-off deficit posted in July and handily beating the USD 607 million surplus that market analysts had expected.
Exports grew 19.2% annually in August, slowing from the 41.0% expansion recorded in July.